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A promoter director of Mangalam Industrial Finance, Mr. Sanjay Mahadev Gupte from Wardwizard Solutions India Private Limited, has pledged 1.50 crore shares of the company. These shares, representing 1.05% of Mangalam Industrial Finance's total equity, have been pledged in favour of Blacksoil Capital Private Limited. This development reflects a financing arrangement involving a significant portion of the promoter's holding, which shareholders typically monitor for insights into promoter's financial activities and potential implications for future ownership stability.